The Gazprom Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Igor Smirnov, President of the Pridnestrovian Moldavian Republic.

The parties discussed the cooperation in the gas sector, placing an emphasis on various aspects of the current activities of Moldovagaz, as well as on the issues related to payments for gas supplies.

Background:

In 2008 the Republic of Moldova was supplied with 2.7 billion cubic meters of Russian gas.

In December 2006 Gazprom and Moldovagaz signed the gas supply contract for 2007–2011 providing that the gas price is annually calculated according to a formula based on the market principles with the use of discounts (in 2009 the discount is equal to 0.8). By 2011 the price will reach the level of average European prices for Russian gas deliveries.